TSMC Reports Q2 Results

Recently reviewed TSMC (TSM) reported their Q2 earnings this week. Results looked good: revenue was up 40% (33% in U.S. dollars), with stable gross margins and solid cash flow.  depositphotos Sub 7 nanometer products accounted for 2/3rds of revenue, magnifying the firm’s competitive advantages (only Samsung competes in this space). High performance computing applications (HPC) – driven by AI demand – led the way, growing 28% quarter-over-quarter and comprising 52% of revenue. The only down note was a drop in the exchange rate from New Taiwanese dollars, which is the only reason I’m dropping the fair value a few bucks to $181 from a previous $184.More By This Author:A Dominant Company That’s Also An AI PlayBuying Grupo Aeroportuario Del SuresteBuying Flywire